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Is now the best time to rent?

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Harrison Painter, "HarrisonPainter"
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Harrison Painter, "HarrisonPainter"

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Is now the best time to rent?

March 31 - US

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dungiven
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best tool ever:

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html#

rent increase = house price increase = inflation (2% is fed's long term goal)

April 08

sunnyview
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Pat honey. I sold my primary residence just prior to the peak in my market and rented through the worst part of my local bubble for about 50% of the amount of my new buyers mortgage payment. I think slamming people who rent is really inappropriate since you really don't know them.

April 01

Lady Chattel
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Pat (aka douche bag REA of the day) represents the worst that agents have to offer. If you live in a suburb of Washington DC this is the best freaking time to rent, cause housing is still way overpriced and not in sync with incomes.

Oh how I wish Pat could see my financials to make such a tarded remark. Please go back to the hole unto which you crawled out of!!!

Harrison: Pat's comments deserve a good a$$ whipping.......

April 01

Francesco Mazzaferro, "FrancescoM"
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Depends on your local market, its definitely the best time to negotiate and buy.

April 01

BMFPitt
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Financially? The 2004-2006 timeframe was probably best, as anyone who bought in that timefram can tell you.

If you factor in the ability to laugh about how your rent doesn't even cover your landlord's mortgage payments as your bank account gets fatter from the difference in rent vs. buy, then now is probably the best.

April 01

sunnyview
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It really depends on your local area. If prices are still falling, inventory is still going up and employment is soft, yes renting is better. I think that people interested in buying should be monitoring their local market closely and positioning themselves to buy. That way when they see something that makes sense to them, they can make the jump.

April 01

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Best or not best, we still need 40% of american to be the renters, otherwise we don't know what to do with our rental properties.

April 01

K101
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Right on, Randy and Doobie.

April 01

Randy_H
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if you have to. Or can't get a bank loan.

Or if you don't even need a bank loan, or a family loan, or an IMF loan, or a TARP loan, or a "loan" from Vinny -- because you could just buy with cash.

That is, if you value that cash and don't feel like p*ssing it away into the bank account of some lucky fool.

April 01

doobie57z
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"if you have to. Or can't get a bank loan."
what a a$$hat. condescending douchebag.

April 01

K101
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"I love how people jump all over the negative posts, but leave the positive ones alone! LOL "

So, this is a positive post? I happen to agree, but... methinks the Z crowd's message is sinking in. 8)

April 01

Pat Bourgo, "Pat Bourgo"
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Pat Bourgo, "Pat Bourgo"

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if you have to. Or can't get a bank loan.

March 31

Roberto Ribas, "azrob"
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in most cities, for most people, probably.

In a severely beaten down area, with prices under rental prices, and if you know you are staying for several years, buying might be the better choice.

March 31

Harrison Painter, "HarrisonPainter"
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Harrison Painter, "HarrisonPainter"

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I love how people jump all over the negative posts, but leave the positive ones alone! LOL

March 31

dfors2
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Renting is always a good option to consider. It depends on your situation. If I rented my whole life until now I would be a whole lot richer right now. In time, I might break even rent vs own. Things must be real tough there Harrison.

March 31

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